21 S VENICE, Venice, CA 90291 (MLS # 19420312)

Price $2,800,000
Status Active
Beds 0
Baths 0 bath
Home size 3,567 sq ft
Lot Size 3,959 sqft
Days on Market 16
Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 3.4 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.
Property Type(s): Residential Income
Last Updated 1/7/2019 Year Built 1964
Community C11 - Venice County Los Angeles

Additional Details

AIR None
AREA C11 - Venice
GARAGE Uncovered
INTERIOR 2 Staircases
LOT 3960 sq ft



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Listing provided by : James Allan CalDRE: 01180635, Coldwell Banker Residential Br

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